FEYTX vs. BGSAX

Last updated Jun 25, 2026

FEYTX (Fidelity Advisor Asset Manager 85% Fund Class M) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - FEYTX is a Diversified Portfolio fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, FEYTX returned 11.39%/yr vs 25.57%/yr for BGSAX. Their correlation of 0.86 suggests significant overlap in exposure. FEYTX charges 1.25%/yr vs 1.20%/yr for BGSAX.

Performance

FEYTX vs. BGSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEYTX achieves a 11.57% return, which is significantly lower than BGSAX's 35.11% return. Over the past 10 years, FEYTX has underperformed BGSAX with an annualized return of 11.39%, while BGSAX has yielded a comparatively higher 25.57% annualized return.

FEYTX

• 1D: -2.04%
• 1M: 0.27%
• YTD: 11.57%
• 6M: 10.86%
• 1Y: 24.92%
• 3Y*: 17.52%
• 5Y*: 8.58%
• 10Y*: 11.39%

BGSAX

• 1D: -5.96%
• 1M: 2.68%
• YTD: 35.11%
• 6M: 33.45%
• 1Y: 52.07%
• 3Y*: 37.13%
• 5Y*: 14.38%
• 10Y*: 25.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEYTX vs. BGSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEYTX Fidelity Advisor Asset Manager 85% Fund Class M	11.57%	20.17%	12.02%	18.34%	-19.01%	16.50%	18.66%	25.61%	-9.76%	20.96%
BGSAX BlackRock Technology Opportunities Fund Investor A	35.11%	19.63%	40.56%	49.09%	-43.13%	8.19%	86.27%	43.84%	2.03%	49.45%

Correlation

The correlation between FEYTX and BGSAX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 1, 2005	0.86

The correlation between FEYTX and BGSAX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

FEYTX vs. BGSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEYTX

FEYTX Risk / Return Rank: 68
FEYTX Sharpe Ratio Rank: 67
FEYTX Sortino Ratio Rank: 62
FEYTX Omega Ratio Rank: 65
FEYTX Calmar Ratio Rank: 70
FEYTX Martin Ratio Rank: 76

BGSAX

BGSAX Risk / Return Rank: 50
BGSAX Sharpe Ratio Rank: 52
BGSAX Sortino Ratio Rank: 40
BGSAX Omega Ratio Rank: 46
BGSAX Calmar Ratio Rank: 68
BGSAX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEYTX vs. BGSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEYTX	BGSAX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.95	+0.05
Sortino ratio: Return per unit of downside risk	2.74	2.44	+0.30
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	2.83	3.01	-0.18
Martin ratio: Return relative to average drawdown	12.22	8.77	+3.45

FEYTX vs. BGSAX - Sharpe Ratio Comparison

The current FEYTX Sharpe Ratio is 2.00, which is comparable to the BGSAX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FEYTX and BGSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEYTX vs. BGSAX - Drawdown Comparison

The maximum FEYTX drawdown since its inception was -53.05%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for FEYTX and BGSAX.

Drawdown Indicators

	FEYTX	BGSAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.05%	-73.75%	+20.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-18.49%	+9.11%
Max Drawdown (3Y) Largest decline over 3 years	-15.44%	-27.75%	+12.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-49.22%	+22.87%
Max Drawdown (10Y) Largest decline over 10 years	-31.01%	-49.22%	+18.21%
Current Drawdown Current decline from peak	-2.10%	-6.17%	+4.07%
Average Drawdown Average peak-to-trough decline	-7.41%	-26.32%	+18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	6.33%	-4.16%

Volatility

FEYTX vs. BGSAX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) is 5.76%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 15.70%. This indicates that FEYTX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEYTX	BGSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	15.70%	-9.94%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	24.45%	-13.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	28.53%	-15.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	28.46%	-13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	26.23%	-10.94%

FEYTX vs. BGSAX - Expense Ratio Comparison

FEYTX has a 1.25% expense ratio, which is higher than BGSAX's 1.20% expense ratio.

Dividends

FEYTX vs. BGSAX - Dividend Comparison

FEYTX's dividend yield for the trailing twelve months is around 4.62%, less than BGSAX's 10.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGSAX BlackRock Technology Opportunities Fund Investor A	10.03%	13.55%	8.68%	0.00%	0.00%	7.66%	4.86%	1.50%	1.24%	8.01%	1.17%	0.00%
FEYTX Fidelity Advisor Asset Manager 85% Fund Class M	4.62%	5.16%	2.94%	0.86%	4.56%	2.73%	1.56%	5.12%	5.08%	2.34%	0.29%	4.29%

Frequently Asked Questions

Can I hold both FEYTX and BGSAX in my portfolio?

FEYTX and BGSAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEYTX or BGSAX?

BGSAX has higher volatility (15.70%) compared to FEYTX (5.76%). In terms of maximum drawdown, FEYTX dropped -53.05% vs BGSAX's -73.75%.

Which has better risk-adjusted returns?

FEYTX currently has the higher Sharpe Ratio (2.00 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.